Eligibility | Anybody above 18 years with KYC |
Initial Minimum Deposit | NIL |
Minimum Account Balance | NIL |
Maximum End of Day Balance | INR 1,00,000 |
Nomination Facility | Available |
Linkage of POSA Account | NO |
Monthly Average Balance (MAB) | NIL |
Non-maintenance charges on MAB | NA |
Annual Interest Rate | 2.00% |
Interest Payment | Quarterly |
SMS Alerts | INR 10 Quarterly |
Account Statement | Free Monthly e-statement* |
QR Card | NA |
Account Closure Charges | INR 150 |
Balance certificate per Instance | INR 50 |
Card/ KIT returned due to wrong address | INR 50 |
Bill Payments/ Re-charge | Free |
Cash deposit charges | Free |
Cash withdrawal charges | Free |
Virtual Debit Card Issuance | INR 25 |
Virtual Debit Card Reissuance | INR 25 |
Virtual Debit Card Annual Maintenance | INR 25 |
Notes :
- Aadhaar & PAN card is mandatory for opening Digital Savings Account.
- To avail unrestricted banking services kindly upgrade your Digital Savings Account to Regular Savings Account within 1 year by visiting any IPPB access point.
- Please complete your full KYC within 1 year. Non-compliance of the same can result in account closure.
- *If customer updated his/her valid email ID. On request physical statement @ INR 50+GST upto 1 year and above the 1 year Rs. 100 + GST.
- The above charges are subject to change. IPPB reserves the right to change the above charges as per its discretion.
- Doorstep service is available for Digital Savings Bank Account holders for doing full KYC using biometric authentication.
- All charges are exclusive of GST. Virtual Debit Card issuance/reissuance/Maintenance charge is including all Taxes.
- Cumulative monthly transaction limit of Rs. 10,000 is applicable only for Bill Payments, In store Merchant Payments and Payment towards eligible Post Office Savings Schemes and Services.
Source :- https://ippbonline.com/web/ippb/digital-saving-accounts